The price of Kraft Heinz Co (NASDAQ:KHC) shares last traded on Wall Street rose 1.81% to $37.78.
KHC stock price is now 5.26% away from the 50-day moving average and 7.71% away from the 200-day moving average. The market capitalization of the company currently stands at $45.83B.
With the price target of $43, Citigroup recently initiated with Buy rating for Kraft Heinz Co (NASDAQ: KHC). On December 11, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $42, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Onell Cory, Chief Omnich Sales & AEM Ofcr sold 14,289 shares of the company’s stock on Mar 12 ’24. The stock was sold for $494,717 at an average price of $34.62. Upon completion of the transaction, the Chief Omnich Sales & AEM Ofcr now directly owns 145,680 shares in the company, valued at $5.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Chief Lgl & Corp Affairs Ofcr La Lande Rashida sold 16,209 shares of the business’s stock. A total of $567,573 was realized by selling the stock at an average price of $35.02. This leaves the insider owning 166,954 shares of the company worth $6.31 million. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $30.68 and a high of $41.47. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 0.99, and a quick ratio of 0.54.
The net profit margin was 10.72% and return on equity was 5.81% for KHC. The company reported revenue of $6.86 billion for the quarter, compared to $7.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.06 percent.
